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Dollar - Gold Cup


Call me crazy, but I see the "Dollar" taking off, and the Metals collapsing.

Of course this is only for the next few years, because printing "Dollars" at the rate the private Federal Reserve is going, is not only unsustainable, but it is sheer INSANITY. Clearly there is an Evil Agenda here, and the American Middle Class is targeted for destruction.

Meanwhile we can "follow the money", by buying some Dec 2011 Gold Put Options at 700 Strike for under $15. WHEN (not IF) those go In The Money sometime next year, that will give about 10X return. Buying Dollar Calls or British Pound Puts is another strategy. Any one of those should pay off BIG TIME. Just go out far enough so that the Options do not degrade too severely, before getting a chance to cash in.

OK. So call it my "opinion." I see what I see. Call me blind. Call me crazy. Time will tell.

Good Trading,
Doer

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dollar cup

Today saw our Target hit in the British Pound, with a very good opportunity to go short. However, with the Thanksgiving Holiday upon us, it would be extra risky to hold over the weekend. So that would be an individual decision, since Markets can reverse dramatically on weekends.

Good Trading,
Doer

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BP & DX 91125
What a day in the euro 150pips in 12 hours, boy was I dead wrong
-$7500 this week worst week in sometime gonna take a few days to get that back! gotta love currency on these low volume holiday weeks. The dollar may go up but its gonna have to do it with out me. Every time I build a swing trade short in the EurUSD I have been getting burned...moneys on the long side...wish I could dump this alter ego counter trading crap, its not the ES.

CJ, Sorry to hear about your losses. I got stopped out in the BP at 6 ticks after entering BP short at 1.6700, so was not too bad. Got in late because I slept too late and missed the nice move down, after it hit my Target HI early. Also did a dumb thing and entered without all my Indicators in effect, which in retrospect advised against entry. That GREED thing again.

Six ticks is all I can stand for risk in Day Trading. If it don't start moving within that range, then I know that I am on the wrong side.

Holiday weekend will screw things up for my Targets and Reversals, as some come on non-trading days. Action on the Foreign Markets is not always reliable for projections.

So will hold pat until Monday. Friday will be really slow with very light Volume, ripe for stop-running. No thanks!

Good Trading,
Doer
NOW is the perfect time to short Gold. I know that we have been taught to never sell Gold, and I personally have a great aversion to selling my own Gold. It is completely against my nature to do so, and parting with such beautiful coins really hurts me. However, the Charts are sending clear Signals that cannot be denied, and I have long learned that going against the Charts is to take your life into your own hands.

Therefore, SHORT GOLD!! -- Which means to SELL. We are at Market TOP.

This also means that the "Dollar" has bottomed and will begin its meteoric rise to historic new heights imminently. Which means that ALL other Foreign Currencies will be ANNIHILATED in the process, within the next few years. This is also why Gold and Silver are due to go down Big Time, as the "Dollar" explodes.

Best way to get in with the big increase in Volatility, is to buy Put Options going out to 2011. My preference would be 700 Strike. When the Puts go In The Money, you are looking at up to 10 TIMES profit in less than a year. Your risk is locked in, and no worries about getting stopped out. After profits hit 3X, lock in profits with a trailin stop at 50%

Good Trading,
Doer
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Gold 91127
My latest insights on Gold. Of course Silver will follow, and so will the Equity Indexes for now.

Enjoy,
Doer

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Gold 91130 60-min
The U.S. Dollar will determine the course of Currencies and most Commodities, especially the Metals, for the next few years. So my analysis of the Dollar follows. I see a MAJOR BOTTOM being formed as we speak. Therefore, unless a significant decline ensues shortly, I look only to go long -- and especially WHEN (NOT IF) the Dollar breaks its recent long Channel.

Good Trading,
Doer

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Dollar-D-91130
This is why I like the BP so much lately. It is behaving extremely predictably. The setup that was posted 11/24 unfolded to a tee. Now we have the exact same thing staring us in the face, with as much potential.

The BP is DEAD MEAT because their Economy and their Socialist System have NOTHING to offer the rest of the world. So their Currency will be ANNIHILATED by the US Dollar, and soon. I believe that the recent top is all she wrote for this sad-sack market.

Note the huge drop after the first Target was hit. That is a sign of great weakness. I expect as much this time, and many more times in the future, as the BP collapses completely.

Good Trading,
Doer

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BP 91201-60 min
Reviewing the recent Charts that I posted, it turns out the collapse in the BP was slightly off by one additional leg on the 60-min Chart. But what I see for the BP still holds -- The BP is dead, Dead, DEAD!!! Do NOT take long positions or you WILL be S-O-R-R-Y!!! Certainly not until the collapse is well under way, and a clear Balance Point can be identified on the way down. But even those counter-moves will be short-lived.

Such a Balance Point formed Monday on the Daily Chart with the near-doji. But the counter-move will be very short-term, and I expect it to end today or tomorrow at the latest. Then down again. Target HI is around 1.65, so we must watch for a Reversal near that value to go short. 1.62 is a strong Support/Resistance level, so once that is broken, the next Support is at 1.56. And WHEN (not IF) THAT Support fails, then it is "look out below," because next Support is all the way down to 1.45. Those numbers will vary slightly at Rollover.

On a different note, I kept suggesting that Dec 2011 Gold Put Options 700 Strike be bought at 16 or better, by scaling in. They even went down to 11 at one point. So scaling in would have got you in around 13 average. Now they are back up to 16 --

http://quotes.ino.com/options/?s=NYMEX_GC.Z11

There is still time to get on this train. Gold is going down to 900 MINIMUM, and may well break 600! If it goes down to 700, then you can expect to make EIGHT TIMES the cost of that Put, including decay, by sometime mid next year.

I have no time to update the Charts today. Besides, nobody is asking questions about them, so either they are too simple or people are too lazy to study them properly. Either way, others must do their due diligence in order to minimize their risk. Otherwise we take someone else's word without verifying for ourselves, never learn, and remain dependent. That is a recipe for defeat, if not disaster -- both economically and politically.

Good Trading,
Doer


The Copper Monthly Chart is VERY revealing, relative to Balnace Points (Pivots) and Targets. Gold has already broken its Lower Channel Line, and Copper will soon follow. Most people will not believe the next Target for Cu, but it is very clear.

This is a FANTASTIC shorting opportunity, and we are still in the early stages. Put Options would be the trade of choice for those who have small margin accounts and do not want to be stopped out by the increased volatility lately. Just be sure to go out two years, so that decay is not too much of a factor.

Of course the reason for the impending collapse, is the imminent rise in the Dollar. I have posted extensive Charts predicting that rise, and there is NO DOUBT that we have begun in earnest.

Good Trading,
Doer

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Copper-M
Gold is beginning to move down fast, albeit in fits and starts. The "Dollar," on the other hand, is exploding to the upside as predicted --

http://futuresource.quote.com/charts/charts.jsp?s=DX%20H0&o=&a=D&z=650x450&d=medium&b=CANDLE&st=

This Gravy Train is just leaving the Station, so there is still time to jump on.

Good Trading,
Doer


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Gold-91217
Doer I have attempted to reach you via email but apparently this system hasn't allowed me to connect to you. My email is guidocedoli@yahoo.com if you care to send me yours.
thanks